For Sale
Well known Subway franchise business for sale
City of Edinburgh
- Asking Price: £199,995 +SAV
-
Turnover:
We are advised as per the 2019 accounts, the business generated a turnover in the region of £335,000, with an adjusted net profit in the region of £80,000. Full financials can be made available upon further request.
Please quote reference B06154
- Tenure: Leasehold
Please quote reference B06154
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and well-known Subway franchise, with an excellent reputation associated with a strong and consistent brand.
The business has only now come to the open market as it is our clients desire to leave the industry due to upcoming relocation.
The business has been under the careful and meticulous ownership of our client for a number of years and who have grown the business to an impressive level. The business was refurbished just prior to lockdown and can be found in excellent condition throughout.
The Subway brand is world-famous for its consistent quality from the level of service, sandwich ingredients/choices and drinks. The first Subway opened in the U.K. in 1996 and since expanded at an exceptional rate which continues to expand. The UK head office is based in Cambridge, offering support on R & D, Lessing, customer services, training, and franchisee services.
Subway has invested heavily in developing their existing menu options by adding more health-conscious salads, wraps, plant-based options, and smaller toasted bites which have proven very successful.
There is a loyal customer base due to the prominent area, with it being in close proximity to many of Edinburgh Universities buildings, the Grassmarket and the Quarter Mile residential complex and benefits greatly from increased footfall when the Edinburgh festival is on due to the level of tourists in the city. The business is also registered with Just Eat, Deliveroo and the Uber Eats platforms which are also helping to increase sales for the business.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.
We are advised that the business has 4 full-time staff members.
The business hours are -
Monday – 07:30 – 21:00
Tuesday – 07:30 – 21:00
Wednesday – 07:30 – 21:00
Thursday- 07:30 - 21:00
Friday – 07::30 – 23:00
Saturday - 09:00 - 23:00
Sunday – 10:00 – 21:00
The business is located in the heart of Edinburgh.
The business further benefits from being surrounded by a host of complementary businesses leading to a good level of footfall and passing trade.
The business is located in a traditional single-fronted, ground floor commercial premises approximately 120 sq. metres in size and briefly comprising, main seating area with 19 covers, main customer service area with kitchen to the rear, further seating area to the rear of the premises with 16 covers, and w/c facilities. The business was recently refurbished prior to lockdown and can be found in excellent all-around condition.
All fixtures and fittings along with all the equipment are to be included in the sale. The current owner has indicated that there is nothing on the lease or hires agreement within the business.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on a 25-year lease. The rent is £3,611.
